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Saudi Arabia's Public Investment Fund stepping distant from LIV Golf
Saudi Arabia's Public Investment Fund is withdrawing billions from LIV Golf astatine nan extremity of nan 2026 season, casting a protector complete nan upstart play league's future. Greg Palkot reports that nan PIF had invested complete $5 cardinal to rival nan PGA Tour, attracting apical players for illustration Phil Mickelson. With this backing cut, LIV Golf now seeks caller world investors to unafraid its semipermanent viability.
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As LIV Golf formally announced Thursday that Saudi Arabia's Public Investment Fund will nary longer money nan startup league, President Donald Trump is excited for what whitethorn travel retired of it.
With LIV's monetary future successful mobility beyond 2026, reports opportunity that golfers who defected from nan PGA Tour for LIV want to reverse course.
Trump believes that would beryllium affirmative for nan sport.
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President Donald Trump reacts arsenic he walks connected nan people astatine nan ribbon-cutting ceremonial astatine a caller 18-hole people astatine Trump International Golf Links connected July 29, 2025 successful Balmedie, adjacent Aberdeen, Scotland. President Trump is visiting Scotland successful a travel that’s part-vacation, part-work, arsenic he stayed astatine his Trump Turnberry play course, followed by Trump International Golf Links successful Aberdeenshire, betwixt July 25 to 29. (Photo by Andrew Harnik/Getty Images) (Andrew Harnik/Getty Images)
"I do judge that each of nan golfers should beryllium playing against each other. They were viewing thing arsenic a monopoly, but it’s swaying away. It should beryllium nan other of a monopoly," Trump told reporters astatine nan Oval Office Thursday.
"I want to spot Rory [McIlroy] playing Bryson DeChambeau. I want to spot large Jon Rahm playing Scottie, who is truthful great. Scottie Scheffler is great. They person awesome players connected LIV, but it’s almost for illustration group want to spot that. That's why the Masters was truthful bully because you saw everybody together."
"The Tour wants to person nan champion players. You can't person nan champion subordinate that they're boycotting now. They whitethorn do something, you know, a small bit, but they'll each beryllium backmost connected circuit and it'll beryllium great. I don't cognize what's happening pinch LIV. I’m not judge what’s happening pinch LIV, but they are playing astatine my people successful 2 weeks connected nan Potomac, beautiful course. But correct now [the PGA Tour] astatine Doral, which I own."
LIV CEO Scott O'Neil reportedly sent an email to his staff amid nan first reports of backing that nan play would spell "exactly arsenic planned, uninterrupted and astatine afloat throttle," but plans apparently changed. LIV announced its June tourney successful New Orleans was postponed pinch a day to beryllium determined.
The convention announced Thursday "new committee appointments arsenic nan convention focuses connected securing semipermanent financial partners to support its transition from a foundational motorboat shape to a diversified, multi-partner finance model."
Team Captain Bryson DeChambeau shakes hands pinch erstwhile President Donald Trump connected nan 4th spread during nan pro-am earlier nan LIV Golf Invitational astatine Trump National Golf Club Bedminster successful Bedminster, N.J., connected July 28, 2022. (Jonathan Ferrey/LIV Golf)
STEPHEN A SMITH BLAMES PGA TOUR FOR LIV GOLF SAGA, MORONICALLY SAYS DEFECTORS SHOULDN'T FACE ANY PUNISHMENT
"PIF has made nan determination to money LIV Golf only for nan remainder of nan 2026 season," their connection began. "The important finance required by LIV Golf complete a longer word is nary longer accordant pinch nan existent shape of PIF's finance strategy. This determination has been made successful ray of PIF's finance priorities and existent macro dynamics.
"The LIV Golf Board has created a committee of independent board to measure strategical alternatives for its early beyond PIF's backing horizon. LIV Golf has substantially grown nan crippled globally done its transformational and affirmative impact. It has everlastingly changed nan crippled of play for nan better."
The PIF reportedly injected northbound of $1 cardinal into LIV Golf successful 2021, 2022, 2024 and 2025. With nan $266 cardinal injection to statesman nan caller year, an summation successful prize costs for nan play and nan nett walk of $100 cardinal per month, nan Saudi PIF's cumulative finance was group to scope $6 cardinal by nan extremity of 2026.
LIV began successful 2022 and has produced 2 awesome winners in Brooks Koepka, who has since rejoined nan PGA Tour, astatine the 2023 PGA Championship, and DeChambeau astatine nan 2024 U.S. Open.
LIV Golf shifted from its 54-hole format, a tie for golfers defecting from nan PGA Tour, to a 72-hole format opening this season. Patrick Reed is also set to rejoin nan PGA Tour.
Former President Donald Trump leaves nan first tee aft nan commencement of nan last information of nan Bedminster Invitational LIV Golf tourney successful Bedminster, New Jersey, connected July 31, 2022. (Seth Wenig/AP)
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There are 7 remaining events connected the 2026 LIV Golf schedule, pinch nan adjacent group to return spot astatine Trump National successful Virginia opening connected May 7. They will beryllium astatine Trump's Bedminster, New Jersey people successful July.
OutKick's Mark Harris contributed to this report.
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